OFF MARKET

340 Broadway
Wycheproof VIC 3527

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4069m2
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Property Details for 340 Broadway, Wycheproof

Building Type
Commercial
Land Size
4069m2
Local Government
Buloke
Lot/Plan
CP166297

Last Listing description (October 2023)

EXCLUSIVE TO MHB

The Royal Mail Hotel is a classic country pub located in the heart of Wycheproof.

The hotel is situated on the busy Calder Highway, halfway between Melbourne and Mildura making it a popular spot for visitors to grab a meal, snack or drink any day of the week.

This terrific country pub has fantastic street presence and offers many features to the potential buyer with an open plan bistro, adjoining cafe, front and back bar, separate pool room and a well-appointed commercial kitchen are just some of the features downstairs. Upstairs you'll find 17 accommodation bedrooms, a sitting room and original bathrooms all with high ceilings and plenty of natural light. Out the back you'll discover a large beer garden and a 1 bedroom managers residence.

The greatest feature of the pub is located about 10 steps in front of the pub, the railway line. Wycheproof is the only town in Victoria that has a train line traverse the middle of its main road. A wonderful drawcard to entice visitors to witness the rare sighting of a freight train passing through town.

With a bit of TLC, this old worldly pub can transform into a venue that honours the grandeur of yesteryear while embracing the modern day.

Key Features:

* Very well-established classic country pub
* Long Lease with 18.5 x years remaining
* 72.2% (approx.) Buyers Yield
* Best performing hotel in the Mallee
* 17 x well utilised upstairs accommodation rooms
* Prominently positioned on the main thoroughfare of town
* Coffee shop operation Mon-Fri
* Repeat local clientele and passers by
* Business needs a new spark or operator with fresh input and energy

Behind the original facade of the Royal Mail Hotel is an opportunity too good to miss. Make your mark and enjoy the rewards that this country pub to offer.

Contact Kamal Sharma at MHB direct on 0417 008 672 to discuss and arrange your inspection.

Property History for 340 Broadway, Wycheproof, VIC 3527

A timeline of how this property has performed in the market
Last Sold
$530,000
05 May 2022
  • 18 May 2023
    Listed for Sale Leasehold - $110,000 + SAV
  • 05 May 2022
    Sold for $530,000
  • 08 Dec 2021
    Listed for Sale Freehold Passive Investment - $550,000
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About Wycheproof 3527

The size of Wycheproof is approximately 220 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Wycheproof in 2011 was 789 people. By 2016 the population was 633 showing a population decline of 19.8% in the area during that time. The predominant age group in Wycheproof is 60-69 years. Households in Wycheproof are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Wycheproof work in a managers occupation. In 2011, 78.7% of the homes in Wycheproof were owner-occupied compared with 78.7% in 2016.

Wycheproof has 508 properties. Over the last 5 years, Houses in Wycheproof have seen a 102.99% increase in median value. As at 30 September 2024:

  • The median value for Houses in Wycheproof is $221,547 while the median value for Units is $369,698.
There are currently 6 properties listed for sale, and no properties listed for rent in Wycheproof on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in Wycheproof.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.